Bitcoin breached the $95,000 psychological barrier for the first time today as it continues to be pushed higher by the so-called “Trump effect”, meaning that market players expect a much looser regulatory framework and economic policies to favor cryptocurrencies after the next US government takes over.
The most important cryptocurrency by market capitalization crossed this mark at around 03:24 (GMT), reaching $95,004.50, an unprecedented level.
Bitcoin then lost some of its momentum, changing hands at $94,907 around 03:45 (GMT).
Even after Republican Donald Trump’s victory in the November 5th US presidential election began to appear, Bitcoin began an upward trend that has now increased its value by about 35%. It crossed the $80,000 mark on November 10th, that of $90,000 on November 13th.
The president-elect promised during his election campaign that he would make the US “the Bitcoin and cryptocurrency capital of the world.”
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